DUBAI — British supercar company McLaren Team, which includes its Formula A person workforce, has arranged a one hundred fifty million pound ($185.2 million) financing facility with the National Financial institution of Bahrain (NBB), the Gulf financial institution stated on Monday.
The COVID-19 pandemic has hit the business tough, with income plunging in the course of a manufacturing unit shutdown. It declared one,200 layoffs in May.
“Remaining documentation has been signed and all the required approvals have been granted in relation to a … one hundred fifty million (pound) financing facility,” NBB stated.
Bahrain sovereign prosperity fund Mumtalakat Holding Co